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Question

A shopkeeper sold goods for Rs. 2400 and made a profit of 25% in the process. Find his profit percent, if he had sold his goods for Rs. 2040

A
6.25 %
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B
7 %
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C
6.20 %
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D
6.5 %
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Solution

The correct option is A 6.25 %
SP=2400, Profit %=25

C.P.=SP(100+P %)×100=2400125×100=1920

If sold at 2040, profit=Rs.120

Profit %1201920×100=6.25

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